- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990.
-Per the supply /deemand rule need to test multiple support lines again to cross the supply zone.
-If the price closed below the MSL, there is a chance to test the previous swing low.
-Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone.
-If long scenarios do not...
Hey guys here you can see in AUDCAD pair has created Head and Shoulder pattern in 4HR time frame if the neck line is broken and if it gives retest at the neckline level, Then we can plan for selling side. Plan your trade accordingly....
We are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose...
AUDCAD is in a trading triangle which is unable to break the higher end of triangle since past few days. opening a SHORT opportunity in AUDCAD.
SELL AUDCAD @ 0.99572 with SL@0.99862 and T1@0.99246, T2@0.98964
This is a RISK Trade and should only be taken after consulting your financial advisor.